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The venture firm’s view of startups, AI, software, markets, company building, and the technological shifts creating new categories.
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Opendoor CEO: Building the Amazon for Homes
Alex RampellErik TorenbergKaz Nejatian
Kaz Nejatian is repositioning Opendoor as a software-led housing marketplace rather than a real-estate investment business.Owning roughly 5%-10% of exclusive inventory could concentrate demand, attract third-party listings, reduce commissions toward 1%, and bundle warranties, returns, financing, and coordinated closings.The rate shock exposed long-duration inventory risk, leaving the reboot’s attack posture and hybrid principal-risk model as key execution variables.